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Nearly a month after the Financial Blockchain Shenzhen Consortium (FBSC) conference was held at the end of May, a group financial companies in China have formally established the FBSC according to an official announcement today.

The effort is backed by some significant names including international and domestic firms from China, after 25 firms had initially signed the collaborative agreement during the FBSC’s founding conference, 6 additional companies have since joined.

The aim of the FBSC was described as focusing on coordinating and integrating research resources for financial blockchain technology and to create coordination and synergy mechanisms for both the research collaboration and ... (read more)